2017-10-31T15:55:32-05:00 2016-12-31 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 990 2016-01-01 366944620 MARS BENEFITS TRUST % MARS INCORPORATED MARS 9736913500 350 CLARK DRIVE SUITE 202 MOUNT OLIVE NJ 07828 JASON NASKIEWICZ INVESTMENT MANAGER 9736913500 2017-10-31 true LAURA J PARELLO P01080295 6464713000 2016-10-31 155.201.188.32 13049920173045000011 2017-10-31 P A47FF8DD5715699DF48307C25ACEE32075633D08 80BFBE0F970546FEC6C63D09B2EB9DEB617C0089 2016 2021-01-29 14:40:06Z X JASON NASKIEWICZ 350 CLARK DRIVE SUITE 202 MOUNT OLIVE NJ 07828 50959508 false X N/A X 1986 IL TO PROVIDE MEDICAL AND DENTAL BENEFITS TO ELIGIBLE MEMBERS. ELIGIBLE MEMBERS 1 1 0 0 9667712 9254971 0 0 13147146 9636384 11868416 9667712 0 0 25015562 19304096 0 0 46853066 39969847 62123 53852 0 0 0 6020750 5697571 52935939 45721270 -27920377 -26417174 105382015 75612000 8739803 10292398 96642212 65319602 X SEE SCHEDULE O. false false PAYMENT OF MEDICAL AND DENTAL BENEFITS TO ELIGIBLE MEMBERS. false false false false false false false false false false true false false true true false true false false true false false false false false false false false false false false false false false false false false false false false true false false true 0 0 0 true true false false false false false X 1 1 false false false false false false false false false false false true false false false false false false X MARS INCORPORATED 9736913500 100 INTERNATIONAL DRIVE MT OLIVE NJ 07828 X THE NORTHERN TRUST COMPANY TRUSTEE 0.0 0.0 X 55820 0 0 55820 0 0 0 false false false AETNA INC 151 FARMINGTON AVE LINCOLNSHIRE CT 06156 PLAN ADMINISTRATOR 990580 XEROX HR SOLUTIONS LLP 101 WOODCREST ROAD CHERRY HILL NJ 08003 RECORD KEEPER 436681 MELLON CAPITAL MANAGEMENT CORPORATI ONE BOSTON PLACE 34TH FL BOSTON MA 02108 INVESTMENT MGMT 184219 STRATEGIC INVESTMENT GROUP 1001 19TH ST NORTH 16TH FLOOR ARLINGTON VA 22209 INVESTMENT MGMT 110881 4 0 MEMBER/PARTICIPANT CONTRIBUTIONS 900099 9636384 9636384 9636384 4419679 4419679 0 0 0 0 0 36903445 31655412 5248033 5248033 5248033 0 0 0 0 0 0 0 0 0 0 19304096 9636384 9667712 0 0 0 39969847 53852 0 0 0 0 0 0 0 143393 0 0 202004 1448916 0 0 0 0 0 0 0 0 0 0 0 0 UBTI TAX EXPENSES 3903258 45721270 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 75314652 50379415 26053536 22021026 0 0 0 0 4013827 3211559 105382015 75612000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8739803 10292398 8739803 10292398 X 96642212 65319602 0 0 0 0 96642212 65319602 105382015 75612000 X -26417174 -4758373 -147063 X X false true X true false PARTNERSHIPS & VENTURE CAPITAL 22021026 F 22021026 0 DUE TO BROKER 65147 ADMINISTRATIVE FEES PAYABLE 279770 UNRELATED BUS. INCOME TAX PAYA 2000000 OTHER LIABILITIES 7947481 10292398 X 66170927 -4758373 51625204 46866831 19304096 19304096 45967427 246157 246157 45721270 45721270 SCHEDULE D, PART X, LINE 2 THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS INTENDED TO QUALIFY AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(9) OF THE IRC AND ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE TAX DETERMINATION LETTER DATED DECEMBER 9, 1988, THAT THE PLAN AND RELATED TRUST ARE DESIGNED IN ACCORDANCE WITH APPLICABLE SECTIONS OF THE INTERNAL REVENUE CODE ("IRC") THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. THE PLAN ADMINISTRATOR BELIEVES THE PLAN IS DESIGNED AND IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH APPLICABLE REQUIREMENTS OF THE IRC, EXCEPT AS DESCRIBED BELOW, AND QUALIFIES AS TAX EXEMPT. ACCORDINGLY, INCOME OF THE PLAN IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 401(A) OF THE IRC. PURSUANT TO CERTAIN PROVISIONS OF THE IRC AND STATE TAX STATUTES, A PORTION OF THE INCOME GENERATED BY THE TRUST IS SUBJECT TO AN UNRELATED BUSINESS INCOME TAX ("UBIT"). THE TRUST PAID $2,315,000 FOR UBIT EXPENSE DURING THE YEAR-ENDED DECEMBER 31, 2016, RELATED TO UBIT FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015. U.S. GAAP REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. UNCERTAIN TAX POSITIONS HAVE BEEN CLASSIFIED AS $2,364,245 AND $2,217,191 OF DEFERRED TAX ASSETS AND $7,947,482 AND $7,312,169 OF OTHER LIABILITIES FOR DECEMBER 31, 2016 AND 2015, RESPECTIVELY, IN THE STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS. THE TOTAL NET AMOUNT OF $5,583,237 AND $5,094,978 IN THE STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2016 AND 2015, RESPECTIVELY, INCLUDES TOTAL ACCRUED INTEREST AND PENALTIES OF $2,400,705 AND $1,979,472 AS OF DECEMBER 31, 2016 AND 2015, RESPECTIVELY, WHICH IS PART OF OTHER LIABILITIES. NET CHANGE OF $488,258 IN THE LIABILITY RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2016 WAS DUE TO DEFERRED TAX ASSET INCREASE OF $147,054 AND OTHER LIABILITIES INCREASE OF $635,312. NET AMOUNT IS INCLUDED IN THE UBIT EXPENSE ON THE STATEMENT OF CHANGES IN NET ASSETS FOR BENEFITS. THE TRUST IS POTENTIALLY SUBJECT TO UBIT EXAMINATIONS BY THE IRS AND BY VARIOUS U.S. STATES HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TAX YEARS 2013 AND ONWARD ARE STILL OPEN TO EXAMINATION BY THE IRS ACCORDING TO THE STATUTE OF LIMITATIONS. SCHEULDE D, PART XI, LINE 2D NET INCREASE IN 401(H) ACCOUNT: $ 51,526,110 PARTNERSHIP INVESTMENTS: $ 99,094 -------------- TOTAL: $ 51,625,204 SCHEDULE D, PART XII, LINE 2D VENTURE CAPITAL/PARTNERSHIP CONTRIBUTIONS: $ 246,157 -------------- TOTAL: $ 246,157 Europe (Including Iceland and Greenland) Investments 1255985 Central America and the Caribbean Investments 1090115 2346100 2346100 true false true true true false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION MARS BENEFITS TRUST IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION WHOSE PRIMARY EXEMPT PURPOSE IS TO FUND BENEFITS FOR RETIRED ASSOCIATES AND THEIR ELIGIBLE DEPENDENTS OF THE MARS, INCORPORATED RETIREE HEALTH CARE PLAN. PRIOR TO JANUARY 1, 2013, THE PLAN PROVIDED MEDICAL AND DENTAL BENEFITS TO FULL AND PART-TIME ASSOCIATES CURRENTLY EMPLOYED AND THEIR ELIGIBLE DEPENDENTS AND ASSOCIATES ON LONG-TERM DISABILITY ("LTD") AND THEIR ELIGIBLE DEPENDENTS. THE PLAN ALSO PROVIDED MEDICAL BENEFITS TO ELIGIBLE RETIRED ASSOCIATES AND THEIR ELIGIBLE DEPENDENTS INCLUDING SURVIVORS. MARS, INCORPORATED (THE "COMPANY") HAS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST, KNOWN AS THE MARS BENEFIT TRUST (THE "TRUST"). THE PLAN'S INVESTMENTS ARE HELD IN THE TRUST TO PAY FOR HEALTH CARE BENEFITS FOR RETIRED ASSOCIATES AND THEIR ELIGIBLE DEPENDENTS AND SURVIVORS IN THIS PLAN. EFFECTIVE JULY 1, 2012, ACTIVE AND LTD ASSOCIATE BENEFITS WERE NO LONGER PAID THROUGH THE TRUST AND WERE PAID AND CONTINUE TO BE PAID FOR OUT OF THE GENERAL ASSETS OF THE COMPANY. FORM 990, PART VI - GOVERNANCE, MANAGEMENT DISCLOSURE GENERAL PART VI IS ANSWERED FROM THE PERSPECTIVE OF THE TAXPAYER'S TRUSTEE, NORTHERN TRUST. THE EMPLOYER, MARS INC., HAS IN PLACE A BENEFITS PLAN COMMITTEE WHICH HAS OVERSIGHT AND GOVERNING AUTHORITY WITH RESPECT TO ALL COMPLIANCE AND DECISION-MAKING MATTERS RELATED TO THIS TAXPAYER, A VEBA TRUST. FORM 990, PART VI QUESTIONS 8 AND 12-15 THIS ORGANIZATION IS A VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION EXEMPT UNDER IRC SECTION 501(C)(9). ITS TRUSTEE IS A BANK THAT HAS A FIDUCIARY DUTY TO MANAGE INVESTMENTS IN THE INTEREST OF THE BENEFICIARIES. FORM 990, PART VI QUESTION 11B PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE BENEFITS DIRECTOR, INVESTMENT OFFICER AND TAX DIRECTOR OF THE PARENT COMPANY, MARS, INCORPORATED. FORM 990, PART VI QUESTION 19 AS A 501(C)(9) ORGANIZATION, THE TRUST IS NOT REQUIRED TO MAKE ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THE TRUST GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI QUESTION 9 OTHER CHANGES IN NET ASSETS PARTNERSHIP INVESTMENTS: $ 99,094 VENTURE CAPITAL/PARTNERSHIP CONTRIBUTIONS: $ (246,157) ------------- TOTAL: $ (147,063) FORM 990, PART XII QUESTION 2C THE U.S. BENEFIT PLANS COMMITTEE MEETS ANNUALLY TO REVIEW FINANCIAL STATEMENTS AND AUDIT RESULTS WITH THE INDEPENDENT ACCOUNTANTS OF THE PARENT COMPANY, MARS, INCORPORATED. MARS INCORPORATED 6885 ELM STREET MCLEAN VA 22101 221594774 FOOD & CANDY DE NA C CORP false false false false false false false false false false false false false false false false true false false false